It was wholly owned and operated by India's Ministry of Defence until 1992, when the government divested 25% of its holdings in the company. BEML is Asia's second-largest manufacturer of earth moving equipment, and it controls 70% of India's market in that sector. Its stock trades on the National Stock Exchange of India under the symbol "BEML", and on the Bombay Stock Exchange under the code "5000
48".BEML has manufacturing plants in Kolar Gold Fields, Bangalore, Palakkad and Mysore. KGF unit is the main unit accounting for the manufacture and assembly of a wide array of earth-moving equipment such as Bulldozers and Excavators. Railcoaches are made in the Bangalore complex and the Mysore facility makes dump trucks and engines of various capacity .BEML manufactures a wide range of products to meet the needs of Mining, Construction, Power, Irrigation, Fertiliser, Cement, Steel and Rail Sectors. The earthmoving equipment includes Bulldozers, Dump Trucks, Hydraulic Excavators, Wheel Loaders, Rope Shovels, Walking Draglines, Motor Graders and Scrapers. BEML has recently introduced Road Headers and Slide Discharge Loaders for underground mining applications. Railway products include Integral Railcoaches, Electric Multiple Units, Rail Buses, Track Laying Equipment and Overhead Equipment Inspection Cars. BEML manufactures Heavy Duty Trucks and Trailers and hydraulic aggregates for transportation sector. The company also manufactures high power diesel engines and heavy duty hydraulic aggregates to meet specific customer requirements. The company plans to diversify into varied activities including underground mining equipment, underground storage for petro-products, leasing and financial services and joint ventures abroad.
